Invego Group Plans New Bond Offering on Nasdaq Baltic First North
Tallinn/Riga/Vilnius – Invego Group OÜ, the parent company of Invego Latvia OÜ, is planning a public bond offering targeted at investors in the Baltic states in the spring of 2026. The bonds are slated for listing on the Nasdaq Baltic First North market [Nasdaq Baltic].
Invego Group Overview
As of May 30, 2025, Invego Group OÜ’s balance sheet total exceeded €180 million. The group comprises over 60 companies, with 40 consolidated as of the end of the 2025 financial year [TEGOS]. Invego Group specializes in large-scale residential and commercial developments, shaping modern urban environments.
Previous Bond Offering Success
In May 2025, secured bonds issued by Invego Latvia OÜ were successfully admitted to trading on the Nasdaq Baltic First North Market. The issue size was €8 million, with each bond having a nominal value of €1,000 [Nasdaq Baltic]. These bonds offered a fixed annual coupon rate of 11% with quarterly payments.
The public offering, initially set at €4 million, was nearly four times oversubscribed, reaching €15.8 million in demand. A total of 2,038 investors participated, demonstrating strong investor confidence in Invego’s business model and the Latvian real estate market [Invego].
Future Bond Issue Details
The volume, interest rate, and other conditions of the new bond issue planned by Invego Group OÜ are currently being developed in cooperation with LHV Bank and are expected to be announced in early March. The issuance itself is anticipated to take place in the spring of 2026.
Invego’s Development Portfolio
With over ten years of operational experience, Invego Group has developed more than 150,000 m² of space, including over 1,500 residential units and more than 50,000 m² of commercial space. The group currently has approximately 30 development projects underway, with an additional 500,000 m² of residential and commercial space planned [TEGOS]. Invego operates in Estonia, Latvia, and Portugal.
“An almost fourfold oversubscription of the bond offering demonstrates two key points. Firstly, and most importantly, it signifies the immense confidence that investors have in Invego’s team and brand. Secondly, it highlights the fact that companies raising capital publicly for the first time can achieve outstanding results if they successfully engage Baltic investors with their growth story,” said Kaarel Ots, the Head of Nasdaq Baltic Stock Exchanges and the CEO of Nasdaq Tallinn [Nasdaq Baltic].